Man Group Plc Given New GBX 110 Price Target at RBC Capital (EMG)

Equities researchers at RBC Capital reduced their target price on shares of Man Group Plc (LON:EMG) from GBX 120 ($2.01) to GBX 110 ($1.85) in a research report issued on Tuesday. The firm currently has a “sector performer” rating on the stock. RBC Capital’s target price points to a potential downside of 1.43% from the company’s current price.

A number of other analysts have also recently weighed in on EMG. Analysts at Societe Generale reiterated a “hold” rating on shares of Man Group Plc in a research note on Wednesday, August 6th. They now have a GBX 116 ($1.95) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Man Group Plc in a research note on Monday, August 4th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Man Group Plc in a research note on Monday, August 4th. They now have a GBX 100 ($1.68) price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Man Group Plc has a consensus rating of “Hold” and an average price target of GBX 105.67 ($1.77).

Shares of Man Group Plc (LON:EMG) traded up 0.09% during mid-day trading on Tuesday, hitting GBX 111.70. The stock had a trading volume of 3,552,757 shares. Man Group Plc has a 52-week low of GBX 76.35 and a 52-week high of GBX 126.60. The stock has a 50-day moving average of GBX 114.0 and a 200-day moving average of GBX 100.7. The company’s market cap is £1.982 billion.

The company also recently declared a dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Wednesday, August 13th will be given a dividend of GBX 2.37 ($0.04) per share. This represents a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, August 13th.

Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).